"The world’s biggest producers of #FossilFuels aren’t letting go of dirty energy just yet. In fact, most of them plan to keep producing coal, oil, and natural gas for decades to come, despite signs that demand for dirty energy will peak this decade."

#PeakOilDemand #ProductionGap
https://grist.org/energy/un-production-gap-fossil-fuels-coal-oil-gas-paris/
The world is doubling down on fossil fuels even as global demand peaks

A new UN report finds a growing gap between climate goals and oil and gas production.

Grist
"The report analysed the 20 major fossil fuel producers and found they plan to produce, in total, around 110% more #FossilFuels in 2030 than would be consistent with limiting the degree of warming to 1.5C, and 69% more than is consistent with 2C."

#ProductionGap
https://www.reuters.com/business/energy/global-fossil-fuel-production-plans-far-exceed-climate-targets-un-says-2023-11-08/
Global fossil fuel production plans far exceed climate targets, U.N. says

Global fossil fuel production in 2030 is set to be more than double the levels that are deemed consistent with meeting climate goals set under the 2015 Paris climate agreement, the United Nations and researchers said on Wednesday.

Reuters

#ProductionGap leads to #EmissionsGap

"To get on track for the internationally agreed target of 1.5C, 22bn tonnes of CO2 must be cut from the currently projected total in 2030, the report said. That is 42% of global #emissions and equivalent to the output of the world’s five worst polluters: China, US, India, Russia and Japan."

https://www.theguardian.com/environment/2023/nov/20/world-facing-hellish-3c-of-climate-heating-un-warns-before-cop28

World facing ‘hellish’ 3C of climate heating, UN warns before Cop28

‘We must start setting records on cutting emissions,’ UN boss says after temperature records obliterated in 2023

The Guardian

"As of the start of 2023, there is only around 250GtCO2 – or approximately six years of current #emissions – remaining that can be emitted before the world has a 50-50 chance of exceeding 1.5C warming. This represents a notable reduction from the carbon budget assessed in the prior UNEP report, reflecting a recent downward reassessment in the literature."

#EmissionsGap
https://www.carbonbrief.org/unep-humanity-is-still-breaking-all-the-wrong-records-in-fast-warming-world/

UNEP: Humanity is still ‘breaking all the wrong records’ in fast-warming world - Carbon Brief

The world “must change track”, warns the latest “emissions gap” report from UNEP. If it fails to do so, “we will be saying the same thing next year".

Carbon Brief

"There is more than enough funding floating around: governments invested nearly $12 trillion in economic relief during the COVID-19 pandemic, and are currently spending more than $1 trillion per year on direct #FossilFuelSubsidies ."

That's taxpayer-funded destruction.
Let's turn it into taxpayer-funded planetary healing.

https://www.nature.com/immersive/d41586-023-03601-6/index.html

Is it too late to keep global warmingbelow 1.5 °C?The challenge in 7 charts

Chances are rapidly disappearing to limit Earth’s temperature rise to the globally agreed mark, but researchers say there are some positive signs of progress.